Table 3.--Taxes and Organizational Choice: Net Income (Less Deficit) for Corporations, Partnerships, and Nonfarm Sole Proprietorships for
Selected Tax Years, 1985-1992
[All figures are estimates based on samples--money amounts are in thousands of dollars.]
Average
Organizational type 1985 1986 Change, 1987 Change, 1990 annual 1992
1985-86 1986-87 change,
1987-90
(1) (2) (3) (4) (5) (6) (7) (8)
310.0
Total................................................................................................................ 342.5 32.5 428.3 85.8 528.6 33.4 598.9
Corporations 240.1 269.5 29.4 328.2 58.7 370.6 14.1 402.0
7.6 8.3
S Corporations................................................................................................................ 0.7 24.2 15.9 32.3 2.7 46.2
232.5 261.2
Taxable corporations................................................................................................................ 28.7 304.0 42.8 338.3 11.4 355.8
-8.9
Partnerships......................................................................................................... -17.4 -8.5 -5.4 12.0 16.6 7.3 42.9
-26.9 -35.5
Limited partnerships................................................................................................................ -8.6 -28.2 7.3 -21.2 2.3 -3.3
18.0 18.1
General partnerships................................................................................................................ 0.1 22.8 4.7 37.8 5.0 46.2
78.8 90.4
Nonfarm sole proprietorships......................................................................................................... 11.6 105.5 15.1 141.4 12.0 154.0
SOURCE: Internal Revenue Service, SOI Bulletin, Publication 1136 (Rev. 5-96).
Average
annual
change,
1990-92
(9)
35.2
15.7
7.0
8.8
13.2
9.0
4.2
6.3